Saida's name means Happy, and her name describes her very well. She's always smiling and happy even in her hard times.
With a big family, she shared responsibilities with her beloved husband two years ago when she opened her small grocery store.
Saida's store is improving but needs external support to increase its capital. That's why she applied for a loan from Kiva partner Al Majmoua, in order to buy products for the special offers necessary to attract new customers and to increase her income.
Saida hopes to do necessary decoration and maintenance to her store in the future and to expand to a wider one soon.
About Al Majmoua – Lebanese Association for DevelopmentThe Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.
Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.
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Success!! The loan was 100% repaid